Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.78B |
| 2 |
Apple
AAPL
|
+$1.13B |
| 3 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$834M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$784M |
| 5 |
Norfolk Southern
NSC
|
+$613M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$1.19B |
| 2 |
Palantir
PLTR
|
+$742M |
| 3 |
HES
Hess
HES
|
+$478M |
| 4 |
Oracle
ORCL
|
+$465M |
| 5 |
Thomson Reuters
TRI
|
+$442M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 9.28% |
| 2 | Financials | 7.68% |
| 3 | Healthcare | 6.5% |
| 4 | Industrials | 5.87% |
| 5 | Consumer Discretionary | 4.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
4751
Inogen
INGN
$175M
| $698K | ﹤0.01% |
85,436
+11,593
| +16% | +$86.7K |
|
4752
Axsome Therapeutics
AXSM
$11.2B
| $697K | ﹤0.01% |
5,741
-24,878
| -81% | -$2.8M |
|
4753
Candel Therapeutics
CADL
$733M
| $697K | ﹤0.01% |
+136,670
| New | +$790K |
|
4754
CALL
McCormick & Company Non-Voting
MKC
$13.7B
| $696K | ﹤0.01% |
10,400
-1,500
| -13% | -$105K |
|
4755
Columbia Financial
CLBK
$1.12B
| $696K | ﹤0.01% |
46,338
+21,254
| +85% | +$317K |
|
|
MREO
4756
Mereo BioPharma
MREO
$54.7M
| $695K | ﹤0.01% |
337,503
-258,170
| -43% | -$476K |
|
|
LADR
4757
Ladder Capital
LADR
$1.21B
| $694K | ﹤0.01% |
63,582
-48,013
| -43% | -$540K |
|
4758
PUT
Ollie's Bargain Outlet
OLLI
$4.44B
| $693K | ﹤0.01% |
5,400
-8,300
| -61% | -$1.1M |
|
4759
CALL
Organon & Co
OGN
$3.56B
| $693K | ﹤0.01% |
64,900
-197,900
| -75% | -$1.94M |
|
4760
MGP Ingredients
MGPI
$379M
| $692K | ﹤0.01% |
28,621
+12,183
| +74% | +$353K |
|
4761
Sotera Health
SHC
$5.09B
| $692K | ﹤0.01% |
44,005
-480,557
| -92% | -$6.75M |
|
4762
PUT
Domino's
DPZ
$11.5B
| $691K | ﹤0.01% |
1,600
-500
| -24% | -$227K |
|
4763
PUT
Warby Parker
WRBY
$3.28B
| $690K | ﹤0.01% |
+25,000
| New | +$632K |
|
|
BRRWU
4764
DELISTED
Columbus Circle Capital Corp I Units
BRRWU
| $687K | ﹤0.01% |
64,303
-132,442
| -67% | -$1.46M |
|
4765
PUT
SentinelOne
S
$6.53B
| $687K | ﹤0.01% |
+39,000
| New | +$700K |
|
4766
Emergent Biosolutions
EBS
$373M
| $686K | ﹤0.01% |
77,824
-677,608
| -90% | -$5.27M |
|
4767
CALL
Host Hotels & Resorts
HST
$17.2B
| $686K | ﹤0.01% |
40,300
-21,700
| -35% | -$360K |
|
4768
PUT
Peloton Interactive
PTON
$2.77B
| $681K | ﹤0.01% |
75,700
-1,572,000
| -95% | -$11.7M |
|
4769
PUT
Algoma Steel
ASTL
$406M
| $679K | ﹤0.01% |
191,100
+112,400
| +143% | +$597K |
|
|
EMX
4770
DELISTED
EMX Royalty
EMX
| $678K | ﹤0.01% |
132,003
-78,737
| -37% | -$272K |
|
4771
Avita Medical
RCEL
$135M
| $678K | ﹤0.01% |
132,709
-236,483
| -64% | -$1.23M |
|
4772
CALL
YPF
YPF
$206B
| $678K | ﹤0.01% |
+27,900
| New | +$857K |
|
4773
SunCoke Energy
SXC
$720M
| $677K | ﹤0.01% |
83,023
-1,347,978
| -94% | -$10.7M |
|
4774
CALL
GXO Logistics
GXO
$5.77B
| $677K | ﹤0.01% |
+12,800
| New | +$658K |
|
4775
Grupo Aval
AVAL
$6.27B
| $675K | ﹤0.01% |
204,647
-36,524
| -15% | -$114K |
|
Similar funds
Millennium Management's Q3 2025 Portfolio in Review
As of Q3 2025, Millennium Management held 6,610 positions worth $234B, up 13% from $207B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management's Q3 2025 filing shows 800 new, 2,296 increased, 2,513 reduced and 633 closed positions. Its largest new stake was Vanguard Long-Term Corporate Bond ETF: 1,212,092 shares worth $94.1M. The largest sale was Applovin, an estimated $1.19B.
By sector, the portfolio is most concentrated in Technology at 9.3% of assets, up from 8.7% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2025 buy was Vanguard Long-Term Corporate Bond ETF: 1,212,092 shares worth $94.1M.
- Millennium Management added most to NVIDIA in Q3 2025, an estimated $1.78B increase.
- Millennium Management's biggest Q3 2025 reduction was Applovin, cutting an estimated $1.19B.
- Millennium Management fully exited Hess in Q3 2025, selling an estimated $478M.
- Millennium Management's ten largest holdings make up 18% of its $234B portfolio in Q3 2025.
- Millennium Management opened 800 new positions and closed 633 in Q3 2025.
- Millennium Management's portfolio value rose 13% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q3 2025, filed 14 Nov 2025.